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HAGY & ASSOCIATES, P.C.
CERTIFIED PUBLIC ACCOUNTANTS
Home
Newsletters
Taxation of IRA investments in Certain Partnerships
The AICPA recently published an article that Janet wrote about how to minimize the tax upon sale of Master Limited Partnership interests held in IRA accounts....
Guide to Residential Real Estate Deductions
Janet's article about residential real estate under the new tax laws was published in both the Journal of Accountancy (May 2019) and The Tax Adviser (April 2019)....
IRS Issues FAQs on Deduction for Qualified Overtime Compensation (FS-2026-1; IR 2026-10)
The IRS issued frequently asked questions (FAQs) addressing the new deduction for qualified overtime compensation added by the One, Big, Beautiful Bill Act (OBBBA). The FAQs provide general informatio...
Proposed Regulations Issued on Car Loan Interest Deduction (NPRM REG-113515-25; IR 2025-129)
Proposed regulations regarding the deduction for qualified passenger vehicle loan interest (QPVLI) and the information reporting requirements for the receipt of interest on a specified passenger vehic...
IRS Provides Interim Guidance on Amendments to Bonus Depreciation Under OBBA; Proposed Regulations Forthcoming (Notice 2026-11; IR 2026-06)
The IRS has released interim guidance to apply the rules under Regs. §§1.168(k)-2 and 1.1502-68, with some modifications, to the the acquisition date requirement for property qualifying for 100 p...
2026 Standard Mileage Rates Released (Notice 2026-10; IR 2025-128)
The IRS released the optional standard mileage rates for 2026. Most taxpayers may use these rates to compute deductible costs of operating vehicles for: business, medical, and charitable purposes So...
IRS Issues FAQs on Limitation on Deduction for Business Interest Expense (FS-2025-9; IR 2025-126)
The IRS issued frequently asked questions (FAQs) addressing the limitation on the deduction for business interest expense under Code Sec. 163(j). The FAQs provide general information to taxpayers and...
IRS Lists FAQs on Premium Tax Credit (FS-2025-10; IR-2025-127)
The IRS issued frequently asked questions (FAQs) addressing updates to the Premium Tax Credit. The FAQs clarified changes to repayment rules, the removal of outdated provisions and how the IRS will tr...
IRS Grants Relief for Farmers Deferring Tax on Land Sales (Notice 2026-3)
The IRS issued guidance providing penalty relief to individuals and corporations that make a valid Code Sec. 1062 election to defer taxes on gains from the sale of qualified farmland. Taxpayers who ...
IRS Extends Transition Period for PFML Programs (Notice 2026-6)
The IRS has extended the transition period provided in Rev. Rul. 2025-4, I.R.B. 2025-6, for states administering paid family and medical leave (PFML) programs and employers participating in such prog...
Health Care Is The Key Legislative Priority To Kick Off 2026
Addressing health care will be the key legislative priority a 2026 starts, leaving little chance that Congress will take up any significant tax-related legislation in the coming election year, at leas...
Fifth Circuit Rejects "Passive Investor" Rule for Code Sec. 1402(a)(13) Exception (Sirius Solutions, L.L.L.P., CA-5)
The Fifth Circuit Court of Appeals held that a "limited partner" in Code Sec. 1402(a)(13) is a limited partner in a state-law limited partnership that has limited liability. The court rejected the "...

BIG NEWS! – I’M NOT RETIRING!

But I am pleased to announce the merger of Hagy & Associates with LPF, PLLC.

Effective August 16, 2022, I will be a partner in LPF, PLLC. 

This merger will not affect any work we have in progress right now or for the upcoming deadlines.  We will still be in our same office with the same staff, email and phone numbers, and billing rates.  After October 17, the same familiar faces will be at: 

3200 Steck Avenue, Suite 200

Austin, TX 78757 

I want to introduce you my partners, Tom Panagiotou and Alex Furner, when you have time.  I chose them for their professional expertise and compatible firm culture.  We are all available to answer any questions or concerns you may have regarding this merger or any other tax matter. 

LPF, PLLC is an established Austin CPA firm.  Please check out our website.   www.lpfcpa.com

I am delighted with this merger. I am getting older, but I am not ready to retire. This merger will allow me to continue to do the job I love with the clients and staff I treasure until I have to hang up my calculator. 

Thank you for your business and friendship over the years.  We look forward to serving you for many more to come. 




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